BRAMWELL FUNDS INC
24F-2NT, 1997-08-27
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2

             Read instructions at end of Form before preparing Form.
                              Please print or type.

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   1.  Name and address of issuer:

          THE BRAMWELL FUNDS, INC. - The Bramwell Growth Fund
          745 Fifth Avenue
          New York, NY  10151

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   2.  Name of each series or class of funds for which this notice is filed:

          The Bramwell Growth Fund Common Stock, Par Value .0001 per share
 
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   3.  Investment Company Act File Number:
 
       Securities Act File Number:     33-79742
 
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   4.  Last day of fiscal year for which this notice is filed:

         June 30, 1997
 
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   5.  Check box if this  notice is being  filed  more than 180 days after the
       close of the issuer's  fiscal year for  purposes of reporting  securities
       sold after the close of the fiscal  year but  before  termination  of the
       issuer's 24f-2 declaration:
                                                  _ 
                                                 |_|
 
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   6.  Date of termination of issuer's declaration under rule 24f-2(a)(1), if
       applicable (see Instruction A.6):

         Not applicable
  
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   7.  Number and amount of securities of the same class or series which had
       been  registered  under the Securities Act of 1933 other than pursuant to
       rule  24f-2 in a prior  fiscal  year,  but which  remained  unsold at the
       beginning of the fiscal year:
 
                      None
 
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   8.  Number and amount of securities registered during the fiscal year other 
       than pursuant to rule 24f-2:
 
                      None
 
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   9.  Number and aggregate sale price of securities sold during the fiscal 
       year:

         2,379,335 shares
         $35,774,589 aggregate sale price
 
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<PAGE>
 
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   10. Number and aggregate sale price of securities sold during the fiscal year
       in reliance upon registration pursuant to rule 24f-2:

         2,379,335 shares
         $35,774,589 aggregate sale price
 
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   11. Number and aggregate sale price of securities issued during the fiscal 
       year in connection with dividend  reinvestment  plans, if applicable (see
       Instruction B.7):

         130,340 shares
         $1,982,469 aggregate sale price
 
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   12. Calculation of registration fee:

       (i)   Aggregate sale price of securities sold during 
             the fiscal year in reliance on rule 24f-2
             (from Item 10):                                       $ 35,774,589
                                                                    -----------
       (ii)  Aggregate price of shares issued in connection
             with dividend reinvestment plans (from Item 11,
             if applicable):                                         +1,982,469
                                                                    -----------
       (iii) Aggregate price of shares redeemed or repurchased 
             during the fiscal year (if applicable):                -37,757,058
                                                                    -----------
       (iv)  Aggregate price of shares redeemed or repurchased
             and previously applied as a reduction to filing
             fees pursuant to rule 24e-2 (if applicable):                 +0.00
                                                                    -----------
       (v)   Net aggregate price of securities sold and issued
             during the fiscal year in reliance on rule 24f-2
             [line (i), plus line (ii), less line (iii), plus
             line (iv)] (if applicable):                                  +0.00
                                                                    -----------
       (vi)  Multiplier prescribed by Section 6(b) of the
             Securities Act of 1933 or other applicable law
             or regulation (see Instruction C.6):                       x1/3300
                                                                    -----------
       (vii) Fee due [line (i) or line (v) multiplied by
             line (vi)]:                                            $      0.00
                                                                    ===========

   Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only if
   the form is being filed within 60 days after the close of the issuer's fiscal
   year.  See Instruction C.3.
   
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   13. Check box if fees are being remitted to the Commission's lockbox
       depository as described in Section 3a of the Commission's Rules of 
       Informal and Other Procedures (17 CFR 202.3a).
                                                        [ ]

       Date of mailing or wire transfer of filing fees to the Commission's
       lockbox depository:
 

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                                   SIGNATURES
 
       This report has been signed below by the following persons on behalf of
       the issuer and in the capacities and on the dates indicated.
 
       By (Signature and Title)*      /s/ Elizabeth R. Bramwell
                                      --------------------------------------

                                      President
                                      --------------------------------------

       Date August 26, 1997
            -------------------------

  *Please print the name and title of the signing officer below the signature.
 
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